Scotsman Guide > Commercial > Directories > May 2019

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Done Deals: May 2019

 

The following closed deals are advertised in this month issue of Scotsman Guide Commercial Edition.

Past Done Deals are in the archives. browse archives


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Sharestates
Great Neck, NY
Contact: Michael Ramin |  (212) 201-0750  |  michael@sharestates.com
Property Photo   Property: Residential
Purpose: Refinance
Loan Amount: $2,948,000
Location: Water Mill, NY
Date Funded: March 2019

The borrower previously acquired the property and has started to rehabilitate. The borrower is refinancing to obtain construction financing to complete the rehab. The borrower intends to sell this property upon completion.

SCOTSMAN GUIDE LEAD
South End Capital Corp.
Wilton, CT
Contact: Matt Naughton |  (617) 334-7703  |  matt@southendcapital.com
Property Photo   Property: 4 Funeral Home Blanket
Purpose: Cash-Out Refinance
Loan Amount: $2,278,000
Location: Philadelphia, PA
Date Funded: January 2019
Broker Fee: $11,390

This borrower had accumulated costly debt, back taxes and judgments which affected his business and lowered his credit score to 528. With our Subprime SBA program we consolidated $1.863M of debt and provided $415K of working capital at 8.25% over 25 years. Thanks to our referral partner for a job well done!

Stronghill Capital
Austin, TX
Contact: Eric Thomas |  (855) 490-6671  |  erict@stronghill.com
Property Photo   Property: Residential Investment
Purpose: Cash-Out Refinance
Loan Amount: $6,250,000
Location: Aspen, CO
Date Funded: February 2019

The borrower was looking to reposition equity on an investment single family property to add to the capital stack for a commercial property acquisition. Being one of the few lenders nationwide with the ability, Stronghill was uniquely positioned to do a cash-out refinance on this high end investment home.



 

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